Author Archives: tonych

10:00 am    2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →

2:50 pm Understanding the current market situation leads us to the Japanese Yen and the “carry trade.”  The current market had been propelled by declining domestic interest rates until March 2020, when the 10-year rate started to rise from 0.0398% … Continue reading →

11:59 am SPX went well beneath its Monday target mentioned last Friday.  The fact is, it may have bounced off the 1987 trendline which is in the vicinity of this morning’s low.  Unfortunately for the longs, SPX may not be … Continue reading →

1:00 am SPX bounced at 5300.00 (round number support).  However, it may not hold.  The choices this afternoon are, (1) continue consolidation beneath the short-term Cycle Bottom at 5376.00, or (2) resume its decline to the next support level just … Continue reading →

10:57 am BKX fell from its Cycle Top at 114.99 this morning, through its trendline at 113.00.  It is on an aggressive sell signal.  Sell confirmation may arise beneath Intermediate support at 107.97.  The trading channel bottom lies at 102.50.  … Continue reading →

7:45 am    2 Chronicles 7:14 “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →

8:00 am     2 Chronicles 7:14 “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →

9:55 am BKX reversed beneath its Cycle Top support at 114.80 and may be now on an aggressive sell signal.  The sell signal may be confirmed beneath the 50-day Moving Average at 105.86 and again at the trendline at 102.50.  … Continue reading →

7:45 am    2 Chronicles 7:14 “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →

8:15 am  2 Chronicles 7:14 “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and will … Continue reading →